CT BEGINS DEVELOPMENT ON $125 MILLION LOGISTICS PARK IN SUBURBAN CHICAGO

(Mar. 28, 2018)

Following the December 2017 acquisition of a 112-acre parcel by CT, development is underway on a two-building, 1.34 million-square-foot logistics project in the Chicago suburb of Romeoville, Illinois. The $125 million development, Interchange 55 Logistics Park, is slated for year-end completion and marks the continued nationwide expansion of CT’s industrial logistics investment strategy.

CT was represented in the acquisition of the underlying land parcel by Adam Roth, Dan Leahy and Packy Doyle with NAI Hiffman, who also represent the project for lease.

“This project is ideally situated in the heart of the Chicago bulk warehouse and logistics market and will provide users with access to the largest inland port market in the U.S.,” said Carter Ewing, managing partner with CT.

““We are investing in the highest quality modern logistics facilities in Tier One markets across America to meet the dynamic and growing demand for goods distribution nationwide,” added Ewing. “CT is heavily committed to be a preeminent developer of logistics facilities, with current land holdings across the country sufficient to develop as much as 15 million square feet of industrial buildings over the next five to seven years. We want to grow to 7 million square feet of projects in the greater Chicagoland markets within five years,” Ewing said.

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CT BEGINS DEVELOPMENT ON $125 MILLION LOGISTICS PARK IN SUBURBAN CHICAGO

(Mar. 28, 2018)

Following the December 2017 acquisition of a 112-acre parcel by CT, development is underway on a two-building, 1.34 million-square-foot logistics project in the Chicago suburb of Romeoville, Illinois. The $125 million development, Interchange 55 Logistics Park, is slated for year-end completion and marks the continued nationwide expansion of CT’s industrial logistics investment strategy.

CT was represented in the acquisition of the underlying land parcel by Adam Roth, Dan Leahy and Packy Doyle with NAI Hiffman, who also represent the project for lease.

“This project is ideally situated in the heart of the Chicago bulk warehouse and logistics market and will provide users with access to the largest inland port market in the U.S.,” said Carter Ewing, managing partner with CT.

““We are investing in the highest quality modern logistics facilities in Tier One markets across America to meet the dynamic and growing demand for goods distribution nationwide,” added Ewing. “CT is heavily committed to be a preeminent developer of logistics facilities, with current land holdings across the country sufficient to develop as much as 15 million square feet of industrial buildings over the next five to seven years. We want to grow to 7 million square feet of projects in the greater Chicagoland markets within five years,” Ewing said.